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Australian (ASX) Gold Industry Analysis
UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies151
- 7D5.9%
- 3M22.0%
- 1Y111.3%
- YTDn/a
In the last week, the Gold industry is up 5.9%, with Evolution Mining leading the way, up 10%. This takes the industry's 12 month performance to a gain of 111%. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 27 Feb 2026 | AU$189.5b | AU$30.8b | AU$6.1b | 26.5x | 31.2x | 6.2x |
| Sun, 25 Jan 2026 | AU$187.0b | AU$26.3b | AU$4.6b | 29.4x | 41x | 7.1x |
| Tue, 23 Dec 2025 | AU$166.5b | AU$26.4b | AU$4.6b | 28.5x | 36.4x | 6.3x |
| Thu, 20 Nov 2025 | AU$144.4b | AU$26.5b | AU$4.6b | 23.6x | 31.2x | 5.5x |
| Sat, 18 Oct 2025 | AU$153.7b | AU$26.4b | AU$4.6b | 25.5x | 33.5x | 5.8x |
| Mon, 15 Sep 2025 | AU$129.3b | AU$26.8b | AU$4.8b | 18.1x | 26.8x | 4.8x |
| Wed, 13 Aug 2025 | AU$102.3b | AU$22.4b | AU$3.2b | 19.4x | 32x | 4.6x |
| Fri, 11 Jul 2025 | AU$98.0b | AU$22.2b | AU$3.1b | 18.3x | 31.7x | 4.4x |
| Sun, 08 Jun 2025 | AU$107.7b | AU$22.3b | AU$3.1b | 21.4x | 34.9x | 4.8x |
| Tue, 06 May 2025 | AU$91.5b | AU$22.1b | AU$3.0b | 16.6x | 30.3x | 4.1x |
| Thu, 03 Apr 2025 | AU$85.2b | AU$22.2b | AU$3.0b | 17.2x | 28x | 3.8x |
| Sat, 01 Mar 2025 | AU$76.4b | AU$22.0b | AU$3.0b | 17.8x | 25.7x | 3.5x |
| Mon, 27 Jan 2025 | AU$77.6b | AU$18.6b | AU$1.8b | 20.1x | 42.7x | 4.2x |
| Wed, 25 Dec 2024 | AU$69.5b | AU$18.6b | AU$1.8b | 21.3x | 37.7x | 3.7x |
| Fri, 22 Nov 2024 | AU$73.2b | AU$18.6b | AU$1.8b | 19.9x | 40.5x | 3.9x |
| Sun, 20 Oct 2024 | AU$75.4b | AU$18.4b | AU$1.8b | 22.7x | 42.1x | 4.1x |
| Tue, 17 Sep 2024 | AU$67.2b | AU$18.3b | AU$1.6b | 21.2x | 40.9x | 3.7x |
| Thu, 15 Aug 2024 | AU$62.1b | AU$16.1b | AU$1.1b | 23.5x | 56.5x | 3.9x |
| Sat, 13 Jul 2024 | AU$60.9b | AU$16.0b | AU$1.1b | 23.5x | 57x | 3.8x |
| Mon, 10 Jun 2024 | AU$60.3b | AU$16.9b | AU$1.2b | 22.1x | 50.8x | 3.6x |
| Wed, 08 May 2024 | AU$58.0b | AU$17.1b | AU$1.2b | 21.4x | 48.8x | 3.4x |
| Fri, 05 Apr 2024 | AU$57.8b | AU$17.1b | AU$1.2b | 21x | 48.6x | 3.4x |
| Sun, 03 Mar 2024 | AU$48.6b | AU$16.5b | AU$1.2b | 15.8x | 41.6x | 3x |
| Tue, 30 Jan 2024 | AU$72.1b | AU$22.9b | AU$1.3b | 19x | 53.7x | 3.1x |
| Thu, 28 Dec 2023 | AU$77.0b | AU$22.9b | AU$1.3b | 26.9x | 57.3x | 3.4x |
| Sat, 25 Nov 2023 | AU$70.9b | AU$22.9b | AU$1.4b | 21.4x | 52.5x | 3.1x |
| Mon, 23 Oct 2023 | AU$72.0b | AU$23.1b | AU$1.4b | 24.9x | 52.3x | 3.1x |
| Wed, 20 Sep 2023 | AU$71.2b | AU$22.9b | AU$1.3b | 19.7x | 53.3x | 3.1x |
| Fri, 18 Aug 2023 | AU$65.4b | AU$24.6b | AU$449.7m | 17x | 145.3x | 2.7x |
| Sun, 16 Jul 2023 | AU$75.2b | AU$22.1b | AU$519.9m | 17.6x | 144.7x | 3.4x |
| Tue, 13 Jun 2023 | AU$71.2b | AU$22.2b | AU$561.0m | 17x | 126.9x | 3.2x |
| Thu, 11 May 2023 | AU$76.5b | AU$22.2b | AU$563.2m | 19.3x | 135.8x | 3.4x |
| Sat, 08 Apr 2023 | AU$74.4b | AU$22.3b | AU$567.2m | 17.1x | 131.1x | 3.3x |
| Mon, 06 Mar 2023 | AU$63.8b | AU$22.2b | AU$588.6m | 17.7x | 108.3x | 2.9x |
Price to Earnings Ratio
108.3x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 31.2x which is lower than its 3-year average PE of 61.3x.
- The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 118% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 1.08% | |
| Materials | 6.08% | |
| Metals and Mining | 6.66% | |
| Gold | 5.90% | |
| Silver | 10.97% | |
| Diversified Metals and Mining | 8.25% | |
| Copper | 7.22% | |
| Precious Metals and Minerals | 1.70% | |
| Steel | 1.23% | |
| Aluminum | -1.39% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EVN Evolution Mining | AU$16.58 | 10.2% +AU$3.1b | 172.2% | PE25.4x | |
| NST Northern Star Resources | AU$30.28 | 6.9% +AU$2.8b | 76.5% | PE28x | |
| RRL Regis Resources | AU$9.44 | 11.5% +AU$734.5m | 195.0% | PE14.6x | |
| CMM Capricorn Metals | AU$14.72 | 10.7% +AU$648.4m | 94.2% | PE29x | |
| GMD Genesis Minerals | AU$7.43 | 8.2% +AU$639.7m | 133.6% | PE21.2x |
